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I actually tended to understand this expression the way Chris explains it (still a long way to go, before...). It just didn't make sense when I saw or heard it being used by Americans. Now I understand why. My next problem is now whom to give the points. The answers are complementary and of equal importance to me. I'm afraid I'll have to leave it to the moderators or whoever does it in that case.
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9 mins confidence: peer agreement (net): +10
Explanation: "Weiter so!" is auch möglich, gemäß dem Leo-Wörterbuch.